CONDITIONS OF BUSINESS FOR POSTAL AUCTIONS

Any person, body or organisation participating in one of Bosleys postal auctions
is bound by the following Conditions which are subject to English Law.
Please read them carefully. A bidding form is available at the foot of the page.

BOSLEYS act as an agent for the Seller at auction. The contract for the sale of any lot will be between the Seller and the Buyer.

TITLE. The highest bidder will be the Buyer and no person may retract any bid. Tendering a bid is a legal offer to buy. Upon the fall of the hammer, the successful bidder enters into a legally binding contract subject to English law and the lot becomes the sole risk of the Buyer however legal title of any lot shall not pass to the Buyer until the lot is paid for in full including the Buyer's premium and any other charges although at no time do Bosleys warrant such title.

BUYER'S PREMIUM. 15% plus VAT (making a total of 17.63%) on the hammer price. Please note there is no VAT on the hammer price.

POSTAL BIDS. Bosleys are pleased to execute postal bids for clients and will use all reasonable efforts to secure lots as cheaply as permitted by other bids and/or reserves if any and subject to their Conditions of Business. This is a free service and Bosleys cannot accept any liability for failure to execute any postal bid. If yours is the highest bid, you will secure the lot at one bid of 10% above the next highest bid ie if you bid £100 on a lot and the next highest bid is £50, you will secure the lot at £55 being 10% above the other bid. Should there be no ther bids, you will secure the lot at the lowest estimate published. All bids must be received by 1700 hours on the day of the sale and should be written on the bidding form provided in each catalogue also available to download at the foot of this page. Bosleys are not responsible for wrong lot numbers entered against descriptions. Commission bids cannot be accepted from a Post Office box address.

PAYMENT. Acceptable methods of payment are cash, cheque, Visa or MasterCard credit or debit cards. Visa and MasterCard credit cards carry a 2.5% surcharge.

All overseas clients are required to pay with Visa or Mastercard.

All invoices must be paid in full within seven days of the sale. Goods will not be released to any Buyer, unless specifically agreed to the contrary in writing, until all amounts due have been received. Items purchased and still in Bosleys's possession will be covered by their insurance for a period of seven days after the sale, or if collected before the seven days, up to the time of collection.

(i) Any amounts still outstanding 14 days after the sale will be subject to interest at a rate not exceeding 5% above Coutts & Co. Base Rate. Bosleys reserve the right to exercise a lien on any of the Buyer's property in Bosleys possession for any purpose and after giving the Buyer 14 days written notice of such intent, to arrange the sale of such property to recover any outstanding amounts due to Bosleys.
(ii) If the Buyer fails to pay within 30 days from the day of the sale, Bosleys may take any of the following actions :
a. Issue proceedings against the Buyer on behalf of the Seller to recover the full amount due including commission, storage charges, interest etc.
b. Resale the lots either by public sale or private treaty to recover the full amount due including commission, storage charges, interest etc.
c. Cancel the sale of the relevant lots.

CATALOGUE DESCRIPTIONS. Whilst Bosleys make every effort to ensure the accuracy of their catalogue and descriptions as well as the authenticity and genuineness of all lots :
(i) Each lot as set out in the catalogue is sold by the Seller with all faults, imperfections and errors of descriptions.
(ii) Bosleys guarantee every lot genuine but do not accept responsibility for the origin, attribution, condition or quality of any lots.
(iii) Catalogue illustrations are provided purely for the guidance of prospective buyers and are not to be relied to determine the colour or condition of any item. Occasional errors in applying the correct lot number to an illustration may occur however the description will take precedence over any illustration in identifying any lot.
(iv) Estimates are provided purely for the guidance of prospective Buyers and are not to be relied on as a statement of fact.

FORGERIES. Notwithstanding the preceding condition, if within 14 days of the sale, the Buyer returns any lot giving notice to Bosleys, in writing, that the item is a deliberate forgery and that the lot is in the same condition in which it was sold; Bosleys are authorised to rescind the sale. It is Bosleys's policy to require the Buyer to obtain, at the Buyer's expense, the written opinion of two recognised experts in the field, mutually acceptable to the Buyer and Bosleys, before Bosleys determine whether to rescind the sale. Should Bosleys decide to rescind the sale and the proceeds have already been paid to the Seller, Bosleys will approach the Seller for the return of the proceeds. This guarantee applies only to the original Buyer named on the original invoice and is not valid if the Buyer has sold or disposed of the lot to a third party at any time. Please note that under no condition can postal costs be refunded.
The BuyerÕs claim is limited to a refund of the hammer price, buyerÕs premium, VAT and any credit card feepaid; it does not extend to any other expense. loss or damage suffered by the Buyer.

AGENTS. Any person acting as an agent for a Buyer should be aware of the fact that the sole responsibility for payment rests with the agent.

AUCTIONEER'S DISCRETION. The auctioneer has the right at his absolute discretion to refuse any bid, to advance the bidding in any such manner as he may decide, to rescind a sale, to withdraw or divide any lot, and in the case of any dispute or error, put the lot up for sale again.

STORAGE Where purchases are not paid for within fourteen days after the sale, Bosleys will arrange storage at the Buyer's expense. Storage charges are currently £3 per lot, per day plus VAT. Goods will not be released until all such charges are paid for in full.

SELLING AT AUCTION. Bosleys offer the following attractive terms to sellers.
Only 15% commission on the hammer price.
No fees for unsold lots as long as the reserve was agreed by Bosleys, in writing, prior to the auction.
No lotting fees.
No charge for photography.
No minimum commission per lot.
Insurance fee of only 50p per £100 of the hammer price or lower estimate if unsold (minimum fee £5 per sale).
Any charges attract VAT at the current rate.
The Seller will bear all costs relating to transporting items for sale to Bosleys together with any insurance fees, import duty or charges by HM Customs.

RESERVES. If any lot carries a reserve which has been agreed between the Seller and Bosleys, the lot will be sold subject to this reserve, subject to any discretion agreed with the Seller. The Seller automatically gives Bosleys 10% discretion on any agreed reserve. The reserve cannot be above the lower estimate published in the catalogue. The Seller may not bid, or employ any agent to bid, on lots which the Seller has put up for sale although Bosleys may bid on the Seller's behalf.

PAYMENT TO SELLERS. Payment for lots sold, less relevant charges, will usually be paid to the Seller within 14 working days of the sale as long as payment for such lots has been received by Bosleys. Please note that Bosleys will not pay the proceeds to the Seller until payment has been received from the Buyer. Should payment still be outstanding from the Buyer 30 days after the sale Bosleys have right to rescind the sale. Bosleys have no liability to pay the Seller if the lots have not been paid for by the Buyer or the sale of the lots have been rescinded.

© Bosleys. All rights reserved. No part of the catalogue or website may be reproduced, photocopied, scanned, stored in a retrievable system, or transmitted in any form by any means electrical, mechanical or otherwise without the written permission of Bosleys.


I agree to the Conditions of Business and wish to download a Bidding Form (pdf)